What is an 80/20 insurance plan?
What is an 80/20 insurance plan?The 80/20 Rule generally requires insurance companies to spend at least 80% of the money...
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Does house insurance cover damage to a Neighbour’s property?
Does house insurance cover damage to a Neighbour's property?In general, your home insurance policy should cover you for issues that...
What does harmful black mold look like?
What does harmful black mold look like?Pay attention to the color and consistency: We already talked about black mold above,...
What is an HO 3?
What is an HO 3?Homeowners Policy Special Form 3 (HO 3) — part of the Insurance Services Office, Inc. (ISO),...
What are the 3 basic levels of coverage that exist for homeowners insurance?
What are the 3 basic levels of coverage that exist for homeowners insurance?Homeowners insurance policies generally cover destruction and damage...
Can I claim for a new front door on house insurance?
Can I claim for a new front door on house insurance?Usually, yes. A front door and its locks are considered...
What causes homeowners insurance to be high?
What causes homeowners insurance to be high?The most common reason is an increase in the cost to rebuild your home....
What are the 2 numbers in insurance policy?
What are the 2 numbers in insurance policy?The first number refers to the bodily injury for one person, the second...
What amount would a person with actual cash value ACV coverage receive for two year old furniture destroyed by a fire?
What amount would a person with actual cash value ACV coverage receive for two year old furniture destroyed by a...
How do you account for replacement cost?
How do you account for replacement cost?When calculating the replacement cost of an asset, a company must account for depreciation...
